Chicago Approves Fern Hill & Old Town Canvas's 256-unit Mixed-use Development in Motor Row

The Chicago City Council has given the go-ahead for a new mixed-use development at 2328 S Michigan Avenue in Motor Row, an area that has faced challenges in recent years. This project, located near E 23rd Street, aims to inject much-needed density into the neighborhood.

Project Overview

Led by local developer Fern Hill, who is also involved in the Old Town Canvas project, this development features a mid-rise structure that will significantly enhance the area. The design, created by Eckenhoff Saunders, includes a seven-story, 85-foot-tall building along the main street. The façade will incorporate insets and a mix of materials to break up the massing and ensure the building harmonizes with its surroundings.

Retail and Residential Spaces

The ground floor along Michigan Avenue will offer 3,000 square feet of retail space, alongside the main residential entrance. Above the retail area, residential units will be distributed across the upper floors. The development is planned with a total of 256 residential units, including 88 studios, 136 one-bedrooms, and 32 two-bedroom apartments. Of these, 64 units (25 percent) will be designated as affordable housing.

Design and Layout

The project features a U-shaped ground floor design, with a small courtyard separating two main structures. Towards the back of the site, an 18-story, 170-foot-tall tower will rise, strategically placed to minimize its visual impact from the street. This rear tower will house 10 parking spaces on the ground floor, accessible via an alley.

Rezoning and Financial Requirements

With the City Council's approval, the site has been officially rezoned. To achieve the desired density, the developer is required to contribute $1.66 million to the Neighborhood Opportunity Fund. The total estimated cost of the project is $110 million, and securing financing is the next critical step before construction can begin. However, the timeline for breaking ground remains uncertain.